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PeckShield Alerts: Crypto Hacking Incidents Unfold in the Past 24 Hours

In the ever-evolving world of cryptocurrencies, security is a critical concern. Unfortunately, the past 24 hours have witnessed several hacking incidents that have caught the attention of PeckShield, a leading blockchain security company. Let’s dive into the details of these incidents and shed light on what transpired.

1. Justin Sun-Labeled Address Transfers $2M Worth of TRX:
A well-known cryptocurrency industry figure, Justin Sun, has reportedly transferred 20 million TRX tokens, equivalent to approximately $2 million, from his labeled address to an unknown address labeled as TSzSgx…sXvJ. The purpose and motive behind this transfer remain uncertain, leaving the crypto community curious and on high alert.

2. Dormant Bitcoin Address Moves $136.94M Worth of BTC:
After four years of inactivity, an anonymous dormant Bitcoin address (1P7Adc…nZPW) sprang back to life, transferring a whopping 3,623 BTC, valued at around $136.94 million, to two newly created addresses. The sudden awakening of this long-abandoned address has raised suspicions about potential market manipulation or illicit activities.

3. FTX-Labeled Address Sends $3M Worth of GMT:
A well-known crypto exchange, FTX, has reportedly transferred 10.3 million GMT tokens, amounting to roughly $3 million, to Wintermute, another entity within the crypto space. The motive behind this transfer remains unknown, leaving experts speculating about potential partnerships or internal transactions within the ecosystem.

4. Phishing Incident Results in NFT Theft:
Cryptocurrency enthusiasts, especially NFT collectors, must remain vigilant as reports emerged of the theft of an NFT artwork dubbed “Doodles #589.” The artwork was stolen by a phishing scammer using the pseudonym “Fake_Phishing187019” on the platform Blur. This unfortunate incident shines a light on the need for robust security measures in the NFT space.

5. FlorenceFinance Falls Victim to Address Poisoning Scam:
FlorenceFinance, a cryptocurrency platform, became the target of an address poisoning scam, leading to a loss of approximately $1.45 million in USDC. The intended recipient address (0xB087cfa70498175a1579104a1E1240Bd947f5870) was compromised, and the funds were mistakenly sent to a phishing address (0xB087269DE7ba93d0Db2e12ff164D60F0b3675870). This incident serves as a reminder of the ever-present threat posed by scammers and the importance of triple-checking transaction details.

6. Frontend Compromise: Aerodrome and Velodrome Warns Users:
Decentralized finance projects, Aerodrome and Velodrome, recently reported that their frontends have been compromised. Users are urged to exercise caution and refrain from interacting with Aerodrome and Velodrome until further notice. This incident highlights the vulnerability of web interfaces and the need for users to prioritize security measures while navigating the crypto space.

The crypto world’s security landscape is constantly evolving, and the past 24 hours have seen newsworthy incidents that warrant attention. From high-profile token transfers to phishing and address poisoning scams, these incidents underscore the importance of implementing stringent security protocols and remaining vigilant when engaging in cryptocurrency transactions. As the industry progresses, it is crucial for users, platforms, and security experts to collaborate in order to safeguard the integrity of the crypto ecosystem.

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